plmartin09
Returning Member

IRA Deduction

Why is Turbo Tax only treating a portion of my IRA Contribution as deductible. My contribution amount is well within the annual limit.  I contributed about $1300 to my 401K and my income from wages is about $39,000. The software is only treating $560 of my $2500 contribution as deductible.  Is there a bug in the software?